PHOENIX, Dec. 3, 2024 – JLL Capital Markets announced today that it has arranged a $13.4 million refinancing for Goodyear Medical Plaza, a 47,483-square-foot, Class A medical property in Goodyear, Arizona.

JLL worked on behalf of PMB, to secure the fixed-rate loan through a national healthcare real estate lender.

PMB redeveloped Goodyear Medical Plaza from a movie theatre to an award-winning medical outpatient building for Abrazo Health (part of Tenet Health, Fitch: B+) in 2019. The single-story building is 99% leased with Abrazo Health and affiliated tenants occupying approximately 49% of the space and providing services, including orthopedics, cardiology and a wound clinic. Other tenants at the facility include a state-of-the-art imaging center, internal medicine, pain management and physical therapy.

The property is strategically located at 1325 N Litchfield Rd, on the Abrazo West hospital campus, which is the largest hospital in northern Goodyear. Goodyear Medical Plaza sits just north of Interstate 10 in a busy commercial corridor approximately 17 miles west of downtown Phoenix.

The JLL Medical Properties Capital Markets team, including Director Daniel Digerness, represented the borrower in the transaction.

“We had a significant amount of lender interest in Goodyear Medical Plaza, due to the combination of a best-in-class sponsor, strong anchor tenant credit profile, a diversified tenant base and an on-campus critical location,” Digerness said.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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